Packer eyes Philippines - 17th June 2008
(Credit: The Age)

Having this month scrapped plans to build the world's tallest casino in Las Vegas, James Packer has set his eyes on further expansion in Asia.

Chinese reports say he is close to signing a deal to build a $US1.5 billion ($A1.6 billion) casino complex in the Philippines.

Mr Packer is owner of British Virgin Islands-based company Bloombury Investments, the South China Morning Post said.

The paper cited the president and chief operating officer of the state-owned Philippine Amusement and Gaming Corporation (Pagcor), Rafael Butch Francisco.

Bloombury has been confirmed as one of four local and international developers seeking to secure gaming licences and join a $US15 billion mega-project to build a Las Vegas-style casino and entertainment hub on land facing Manila Bay.

The company wants to build three luxury hotels, upmarket shops, restaurants and an entertainment and sports centre.

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